Question 1

What is the median sold price in Timber Estates?

Accepted Answer

The median sold price in Timber Estates is $622,000 based on 2 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the price range for homes in Timber Estates?

Accepted Answer

Home prices in Timber Estates range from $590,000 to $654,000 based on recent sales data. This $64,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 3

Are homes in Timber Estates selling above or below asking price?

Accepted Answer

On average, homes in Timber Estates are selling at 100.7% of their asking price. This means homes are selling at or above asking price. Buyers should be prepared for competitive offers.

Question 4

How long do homes take to sell in Timber Estates?

Accepted Answer

Homes in Timber Estates are selling in an average of 23 days. This indicates a seller's market with strong demand. Well-priced homes often receive offers within the first week of listing.

Question 5

What is the price per square foot in Timber Estates?

Accepted Answer

The average price per square foot in Timber Estates is $349. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $698,000.

Question 6

Is Timber Estates a buyer's or seller's market?

Accepted Answer

Based on current data, Timber Estates is a seller's market. Homes are selling in 23 days on average and at 100.7% of asking price. Sellers can price confidently, while buyers should be prepared to act quickly and consider offering at or above asking price.

Question 7

What percentage of homes sell above asking price in Timber Estates?

Accepted Answer

In Timber Estates, 50% of homes sold above asking price, while 50% sold below asking. This indicates a competitive market where bidding wars are common.

Question 8

What size homes are selling in Timber Estates?

Accepted Answer

Homes selling in Timber Estates range from 1,673 to 1,920 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 9

How much do home prices vary in Timber Estates?

Accepted Answer

Timber Estates shows relatively consistent pricing with a standard deviation of $32,000 around the average price of $622,000. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 10

How do I find out how much a house sold for in Timber Estates?

Accepted Answer

Simply search our Timber Estates sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 11

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Timber Estates will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 12

Do you show all MLS® sold listings for Timber Estates?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Timber Estates. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

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